Media Releases 2013

For media assistance, please contact REIA secretariat on 02 6282 4277 or at [email protected]

  • Date of Release

    Title

  • 11 February 2013

    Further Cuts in Interest Rates Justified

    Real Estate Institute of Australia (REIA) President, Mr Peter Bushby says the housing figures released today by the Australian Bureau of Statistics (ABS) show there’s only been a modest response to the interest rate cuts of 2012.

    Housing finance figures for December 2012 show, in trend terms, that the number of finance commitments decreased by 0.1 per cent, following modest increases late last year.

    Download media release

  • 06 February 2013

    Real Estate Calls for New Minister to Bring Common Sense to the Table

    The Real Estate Institute of Australia (REIA) congratulates The Honourable Chris Bowen on his appointment as Minister for Tertiary Education, Skills, Science and Research and Minister for Small Business.

    REIA President Mr Peter Bushby says the real estate profession hopes that the new Minister will bring some common sense and a fresh pair of eyes to the table when it comes to national licensing.

    Download media release

  • 05 February 2013

    No New Year Suprises as RBA Puts a Hold on Interest Rates

    The Real Estate Institute of Australia (REIA) says the Reserve Bank of Australia’s (RBA) first Board meeting of the year has resulted in no surprises but an interest rate cut was justified in order to stimulate a stagnant market.
    The RBA last cut its cash rate in December, when it was eased by a quarter of a percentage point to three per cent – back to levels last seen during the global financial crisis four years ago.

    Download media release

  • 31 January 2013

    Give First Home Buyers a Break

    The Real Estate Institute of Australia (REIA) has urged the Federal Government to give first home buyers a break.

    In its pre-budget submission, REIA is calling for a boost of the First Home Owner Grant (FHOG) and has challenged the Government to consider first home buyers having access to their superannuation in order to purchase their property, a scheme that’s been highly successful in Singapore.

    REIA President Mr Peter Bushby says, “Despite the interest rate decreases last year, the number of first home buyers is the lowest it’s been since 2004.”

    Download media release

  • 31 January 2013

    Still a Long Way to Go on National Licensing for Property

    The Real Estate Institute of Australia (REIA) says that there are still many issues to resolve before national licensing can become a reality for the property profession.

    Speaking after a meeting of the Interim Occupational Licensing Advisory Committee (OLAC) held in Sydney today, REIA President, Mr Peter Bushby said, “It appears that the views of the industry and the concerns of consumers are being ignored in favour of those of bureaucrats with no background in property.”

    Download media release

  • 24 January 2013

    Submissions Show Real Estate Must Be Moved to Second Wave of National Licensing

    The Real Estate Institute of Australia (REIA) has received strong support of its views regarding the Council of Australian Governments’ (COAG) proposed national licensing of the real estate profession.

    Submissions received in response to COAG’s Regulation Impact Statement (RIS) on property occupations have been published on the National Occupational Licensing Authority (NOLA) website.

    “The results are in,” says President of the Real Estate Institute of Australia, Mr Peter Bushby. “The RIS is flawed, the process not inclusive and the resulting model for national licensing would leave the consumer at considerable risk.”

    Download media release

  • 23 January 2013

    CPI has Steady Start to New Year

    The December 2012 quarter Consumer Price Index (CPI) figures show that the Reserve Bank of Australia’s (RBA) consumer price measures of inflation are within their target zone and stable.

    Real Estate Institute of Australia (REIA) President, Mr Peter Bushby, says the Reserve Bank should continue to deliver the much-needed cuts to interest rates that the economy needs.

    “The latest figures are within the RBA’s target zone of 2-3 per cent and should provide a clear message to the Board to further reduce official interest rates,” Mr Bushby said.

    Download media release

  • 15 January 2013

    More Should be Done for First Home Buyers

    “The major disappointment in the figures is the decline in first home buyers, decreasing to 15.8 per cent in November 2012 compared to 18.7 per cent in October 2012. This is the lowest since July 2004 and compares with the long-run average proportion is 20.2 per cent.”

    Download media release